Market outlook

The oil and gas market is characterised by volatility. Although the long-term fundamentals of markets and regions continue to be strong, the short and medium outlooks remain uncertain. This implies a stronger focus on the growing offshore renewables market. Offshore wind has significant generation potential in Europe with more and more large sites. The demand for services related to offshore wind is increasing and Oceanteam Solutions has received an increased number of requests for tenders. By focusing on cost reductions, we have also identified an increased demand for innovative and cost effective solutions.

More than 91 percent of all offshore wind installations can be found in European waters. However, governments elsewhere have set ambitious targets for offshore wind farms and development is starting to take off in China, Japan, South Korea, Taiwan and the US. Oceanteam Solutions is increasing its worldwide cable transport, handling and storage services to meet these targets.
Oceanteam Solutions operates in stable countries. It has strong local partners and a diverse client base. The flexible and scalable business model helps Oceanteam weather dynamics in the marketplace.

Sep 11 2018 Oceanteam Solutions, in cooperation with Blue Offshore, has recently signed a contract with one of UK’s biggest energy companies for the supply of a barge equipped with a 5300t turntable and auxiliary equipment for the transport of cables from Norway to the Netherlands. The project is planned to be executed this month.

May 23 2018 May 30th and 31st Breakbulk Europe takes place in the Messe Bremen in Germany. Breakbulk is a networking event and conference for offshore shipping professionals, like cargo owners, ocean carriers, freight forwarders, ports/terminals, heavy haulers and equipment companies like Oceanteam Solutions. The exhibition counts over 10,000 participants and 500 exhibitors. OTS will attend the exhibition...